India may keep 2024/25 gross borrowings close to current year’s level

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Government

Reuters exclusively reported that India’s federal government may keep its gross market borrowing for 2024/25 close to this fiscal year’s level, as it looks to rein in its borrowings that have more than doubled, mainly due to pandemic spending. 

Market Impact

India may peg its gross market borrowing for next fiscal year at between 15 trillion rupees ($180.47 billion) and 15.5 trillion rupees, when Finance Minister Nirmala Sitharaman presents the federal budget on Feb. 1, the two officials aware of the development told Reuters. 

Article Tags

Topics of Interest: Government

Type: Reuters Best

Sectors: Economy & PolicyFinancial Services

Regions: Asia

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



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